Golden Finance reports that JPMorgan Chase has announced updates to the ratings and target prices of listed Bitcoin mining companies based on the Q4 2024 earnings report, mainly including:
1. Upgrading IREN's rating from neutral to overweight, but lowering its target price from $15 to $12;
2. Downgrading Cipher Mining's rating from overweight to neutral, while withdrawing a target price of $8;
3. Reiterating an overweight rating for Riot Platforms and CleanSpark, and reducing their respective target prices to $13 and $12;
4. Rating MARA Holdings (MARA) as neutral, with the company's target price lowered from $23 to $18.